MANILA TIMES: PH LAGS ASEAN INFRA DEVT Think tank study points to lack of strategy, underspending Scholars of government think tank Philippine Institute for Development Studies (PIDS) said in a study the country is lagging behind its Asean (Association of Southeast Asian Nations) neighbors in infrastructure development due to underspending and a lack of strategy. Last year’s growth has been curtailed by the government’s inability to use available funds for infrastructure, the Philippine country report by the PIDS said. The PIDS research fellows said in the report the government must have an infrastructure financing strategy that not only focuses on funding but on the means of facilitating the way projects are identified, designed, proposed, reviewed, and implemented.
Posted on: Fri, 02 Jan 2015 03:15:52 +0000
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